eps3594.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
11-K
FOR
ANNUAL REPORTS OF EMPLOYEE STOCK
PURCHASE,
SAVINGS AND SIMILAR PLANS
PURSUANT
TO SECTION 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
(X)
|
ANNUAL
REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
|
For
the fiscal year ended July 31, 2008
|
OR
( )
|
TRANSITION
REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
|
For
the transition period from ________ to
_______.
|
Commission
File Number: 000-21531
A.
|
Full
title of the plan and the address of the plan, if different from that of
the issuer named below:
|
United
Natural Foods, Inc. Retirement Plan
B.
|
Name
of issuer of the securities held pursuant to the plan and the address of
its principal executive office:
|
United
Natural Foods, Inc.
313
Iron Horse Way
Providence, RI
02908
REQUIRED
INFORMATION
The
United Natural Foods, Inc. Retirement Plan (the “Plan”) is subject to the
requirements of the Employee Retirement Income Security Act of 1974 (“ERISA”).
The following Plan financial statements and schedule have been prepared in
accordance with the financial reporting requirements of ERISA, as permitted by
Item 4 of Form 11-K:
Report
of Independent Registered Public Accounting Firm
|
1
|
|
|
Financial
Statements:
|
|
Statements
of Net Assets Available for Benefits
|
2
|
Statement
of Changes in Net Assets Available for Benefits
|
3
|
Notes
to Financial Statements
|
4
|
|
|
Supplemental
Schedule:
|
|
Form
5500, Schedule H, line 4i – Schedule of Assets (Held at end of
Year)
|
10
|
Note: Additional
supplemental schedules required by Section 2520.103-10 of the Department of
Labor’s Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974 have been omitted because they are either
not applicable or the information required therein has been included in the
financial statements or notes thereto.
|
23
|
Consent
of Independent Registered Public Accounting
Firm
|
Report
of Independent Registered Public Accounting Firm
Plan
Administrator
United
Natural Foods, Inc. Retirement Plan:
We
have audited the accompanying statements of net assets available for benefits of
the United Natural Foods, Inc. Retirement Plan (the "Plan") as of July 31, 2008
and 2007, and the related statement of changes in net assets available for
benefits for the year ended July 31, 2008. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In
our opinion, the financial statements referred to above present fairly, in all
material respects, the net assets available for benefits of the Plan as of July
31, 2008 and 2007, and the changes in net assets available for benefits for the
year ended July 31, 2008 in conformity with U.S. generally accepted accounting
principles.
Our
audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental Schedule H, Line 4i -
Schedule of Assets (Held at End of Year) as of July 31, 2008 is presented for
the purpose of additional analysis and is not a required part of the basic
financial statements but is supplementary information required by the Department
of Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. The supplemental schedule is the
responsibility of the Plan's management. The supplemental schedule has been
subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, is fairly stated in all material
respects in relation to the basic financial statements taken as a
whole.
/s/
KPMG, LLP
Providence,
Rhode Island
May
11, 2009, except as to Note 8(d), which is as of September 10, 2009
UNITED
NATURAL FOODS, INC. RETIREMENT PLAN
Statements
of Net Assets Available for Benefits
July
31, 2008 and 2007
|
|
2008
|
|
|
2007
|
|
Assets:
|
|
|
|
|
|
|
Investments
at fair value:
|
|
|
|
|
|
|
Non-interest
bearing cash
|
|
$ |
- |
|
|
$ |
361 |
|
Interest
bearing cash
|
|
|
246,061 |
|
|
|
286,408 |
|
Mutual
funds
|
|
|
45,925,210 |
|
|
|
49,827,173 |
|
Common
collective trust
|
|
|
9,024,010 |
|
|
|
7,839,291 |
|
United
Natural Foods, Inc. Company Stock
|
|
|
6,156,839 |
|
|
|
6,733,843 |
|
Participant
loans
|
|
|
3,162,879 |
|
|
|
2,770,673 |
|
Total
investments
|
|
|
64,514,999 |
|
|
|
67,457,749 |
|
Receivables:
|
|
|
|
|
|
|
|
|
Employee
contributions
|
|
|
242,802 |
|
|
|
215,679 |
|
Employer
contributions
|
|
|
23,266 |
|
|
|
86,523 |
|
Other
receivables
|
|
|
652 |
|
|
|
- |
|
Total
receivables
|
|
|
266,720 |
|
|
|
302,202 |
|
Accrued
income
|
|
|
642 |
|
|
|
1,276 |
|
Total
assets
|
|
|
64,782,361 |
|
|
|
67,761,227 |
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
Excess
contributions payable
|
|
|
141,179 |
|
|
|
137,166 |
|
Total
liabilities
|
|
|
141,179 |
|
|
|
137,166 |
|
Net
assets available for benefits at fair value
|
|
|
64,641,182 |
|
|
|
67,624,061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments
from fair value to contract value for fully benefit-responsive investment
contracts - Fidelity Advisor Stable Value Portfolio (Note
2(c))
|
|
|
233,696 |
|
|
|
89,758 |
|
Net
assets available for benefits
|
|
$ |
64,874,878 |
|
|
$ |
67,713,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See
accompanying notes to financial statements.
|
|
|
|
|
|
|
|
|
UNITED
NATURAL FOODS, INC. RETIREMENT PLAN
Statement
of Changes in Net Assets Available for Benefits
Year
ended July 31, 2008
Investment
income (losses):
|
|
|
|
Interest
and dividends
|
|
$ |
3,901,628 |
|
Net
depreciation in fair value of investments
|
|
|
(10,204,073 |
) |
Total
investment losses
|
|
|
(6,302,445 |
) |
Contributions:
|
|
|
|
|
Employee
contributions
|
|
|
6,299,158 |
|
Employer
contributions
|
|
|
2,418,794 |
|
Rollover
contributions
|
|
|
567,181 |
|
Total
contributions
|
|
|
9,285,133 |
|
Total
additions
|
|
|
2,982,688 |
|
Deductions
from net assets attributed to:
|
|
|
|
|
Benefits
paid directly to participants
|
|
|
5,776,921 |
|
Deemed
distributions of participant loans
|
|
|
10,727 |
|
Administrative
expenses
|
|
|
33,981 |
|
Total
deductions
|
|
|
5,821,629 |
|
Net
decrease
|
|
|
(2,838,941 |
) |
Net
assets available for benefits, beginning of plan year
|
|
|
67,713,819 |
|
Net
assets available for benefits, end of plan year
|
|
$ |
64,874,878 |
|
|
|
|
|
|
|
|
|
|
|
See
accompanying notes to financial statements.
|
|
|
|
|
UNITED
NATURAL FOODS, INC. RETIREMENT PLAN
Notes
to Financial Statements
July
31, 2008 and 2007
The
following description of the United Natural Foods, Inc. Retirement Plan
(the “Plan”) provides only general information. Participants should refer
to the Plan document, including the adoption agreement, for a more complete
description of the Plan’s provisions.
The
Plan is a defined contribution plan providing retirement benefits for all
eligible employees of United Natural Foods, Inc. (the
“Company”). Substantially all employees who have completed six months
of service are eligible to join the Plan on the first day of each
month. The Plan initially became effective on October 1, 1989 and the
adoption agreement was amended effective January 1, 2006. The Plan’s
plan year ends on July 31. The “Plan Administrator” is the
Company.
The
Plan is intended to be qualified under Section 401(a) of the Internal Revenue
Code of 1986, as amended (the “Internal Revenue Code”), and is subject to the
provisions of the Employee Retirement Income Security Act of 1974
(“ERISA”).
Each
year, participants may contribute up to 60% of their pretax eligible
compensation, as defined in the Plan, subject to limitations established by the
Internal Revenue Code.
The
Company may elect to make discretionary matching contributions to the Plan.
During the year ended July 31, 2008, the Company matched 50% up to 8% of
eligible compensation that a participant contributed to the Plan.
The
Plan record keeper maintains an account in the name of each participant to which
each participant’s contributions, the Company’s contributions for such
participant, and the participant’s share of the net earnings, losses and
expenses, if any, of the various investments are
recorded. Allocations are generally based on eligible participant
account balances. The earnings on the assets held in each of the
funds and all proceeds from the sale of such assets are held and reinvested in
the respective funds.
Participants
may transfer rollover contributions of before-tax dollars from a prior
employer’s eligible retirement plan, as defined in the Plan, or an Individual
Retirement Account, into their Plan accounts. Rollovers must be made
within the time limits prescribed by the Internal Revenue Service.
Participants
are immediately fully vested in their rollover contributions, employee pretax
contributions, qualified nonelective contributions and any earnings thereon.
Vesting in the Company’s contribution portion of a participant’s account
(whether through matching or nonelective contributions) plus any earnings
thereon is based on years of continuous service. Generally, a participant is
100% vested in such contributions after five years of credited service, with 20%
vesting each year over five years. Participants earn one year of
service for each twelve months of service completed with the
Company.
Participants
(other than eligible employees who have made rollover contributions to the Plan
but are not yet active participants, or owner-employees or
shareholder-employees) may borrow from their fund accounts. Loans are
secured by the vested portion of a participant’s account balance, with a $1,000
minimum principal amount for each loan and a maximum principal amount that
cannot exceed the lesser of $50,000 or 50% of the participant’s vested account
balance. The loans have a maximum term of five years (except for loans used to
purchase principal residences), but become immediately payable upon death,
termination, or disability. The loans bear interest at rates that
range from 4.0% to 10.5%, which are commensurate with local prevailing rates as
determined by the Plan Administrator at the date of the loan. Principal and
interest are paid ratably through automatic payroll deductions.
|
(f)
|
Distribution
of Benefits
|
Participants
(or, in the event of a participant’s death, his beneficiary) may request a
distribution of all or part of the value in their accounts in accordance with
the terms and conditions of the Plan upon retirement, termination of service,
disability, or death. In addition, participants who have attained age 59
1/2 may
elect to withdraw all or a portion of their vested accounts while they are still
employed by the Company. Participants with account balances greater
than $1,000 may defer receipt of their distributions until they are required by
law to receive minimum required distributions.
Benefit
payments may be made in a lump-sum distribution or in installments. The
participant or beneficiary is entitled to select the manner in which benefit
payments are received subject to the terms of the Plan. If the participant’s
vested account balance is $1,000 or less, payment must be made in a lump-sum
distribution.
Withdrawals
of deferral contributions for financial hardship are permitted provided they are
for a severe and immediate financial need, and that the participant has
exhausted all other assets reasonably available to him, including obtaining a
loan from the Plan and any other qualified plan maintained by the Company, prior
to obtaining the hardship withdrawal.
At
July 31, 2008 and 2007, the balance of forfeited nonvested accounts totaled
$73,641 and $2,489, respectively. These account balances are used to reduce
future employer contributions. During the year ended July 31, 2008,
forfeited amounts totaling $53,117 were used to reduce employer
contributions.
(2)
|
Summary
of Significant Accounting Policies
|
The
accompanying financial statements have been prepared on the accrual basis of
accounting.
Benefits
are recorded when paid.
|
(c)
|
Valuation
of Investments
|
On
December 29, 2005, the Financial Accounting Standards Board (FASB) issued
Financial Accounting Standards Board Staff Position (FSP) AAG INV-1 and
Statement of Position 94-4-1,
Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain
Investment Companies Subject to the AICPA Investment Company Audit Guide and
Defined-Contribution Health and Welfare and Pension Plans (the "FSP").
The FSP provides a definition of fully benefit-responsive investment contracts
and guidance on financial statement presentation and disclosure of fully
benefit-responsive investment contracts.
The
Plan adopted the FSP during the year ended July 31, 2007. One of the investment
options offered by the Plan, the Fidelity Advisor Stable Value Portfolio, is a
common collective trust that is invested in contracts deemed to be fully
benefit-responsive within the meaning of the FSP. The FSP requires that this
investment be reported at fair value. However, contract value is the relevant
measure to the Plan because it is the amount that is available for Plan
benefits. Accordingly, investments as reflected in the Statements of Net Assets
Available for Plan Benefits state the Fidelity Advisor Stable Value Portfolio at
its fair value, with a corresponding adjustment to reflect the investment at
contract value.
The
Plan’s investments are stated at fair value. Shares of registered investment
companies and the United Natural Foods, Inc. Company Stock Fund are valued at
quoted market prices, as reported by Fidelity Management Trust Company. Money
market funds and participant loans are valued at cost which approximates fair
value.
Purchases
and sales of securities are recorded on a trade-date basis. Interest income is
recorded on the accrual basis. Dividends are recorded on the ex-dividend
date.
|
(d)
|
Administrative
Expenses
|
Administrative
expenses as reported on the financial statements include various fees charged to
participants for transactions. All other administrative expenses including legal
and audit fees are paid by the Company.
The
preparation of financial statements in conformity with generally accepted
accounting principles requires the Company to make estimates and assumptions
that affect the reported amounts of net assets available for benefits and
changes therein and disclosure of contingent assets and liabilities at the date
of the financial statements. Actual results could differ from these
estimates.
|
(f)
|
Risks
and Uncertainties
|
The
Plan invests in various types of investment securities. Investment securities
are exposed to various risks, such as interest rate, market, and credit risks.
Due to the level of risk associated with certain investment securities, it is at
least reasonably possible that changes in the value of investment securities
will occur in the near term and that such changes could materially affect the
amounts reported in the statement of net assets available for
benefits.
The
following investments at fair value represent 5% or more of the Plan’s net
assets available for benefits at July 31, 2008 and 2007:
Description
|
|
2008
|
|
|
2007
|
|
Fidelity
Advisor Stable Value Portfolio
|
|
$ |
9,024,010 |
|
|
$ |
7,839,291 |
|
United
Natural Foods, Inc. Company Stock
|
|
|
6,156,839
|
|
|
|
6,733,843
|
|
Fidelity
Advisor Mid Cap Fund
|
|
|
4,864,113 |
|
|
|
6,006,616
|
|
Fidelity
Advisor Growth & Income Fund
|
|
|
3,618,638 |
|
|
|
3,937,922
|
|
Fidelity
Advisor Freedom 2020 Fund
|
|
|
3,540,164 |
|
|
|
3,545,052
|
|
Fidelity
Advisor Diversified International Fund
|
|
|
3,520,177 |
|
|
|
4,249,743
|
|
Fidelity
Advisor Dynamic Capital Appreciation Fund
|
|
|
** |
|
|
|
3,872,415
|
|
Dreyfus
S&P 500 Index Fund
|
|
|
** |
|
|
|
3,510,631
|
|
|
|
|
|
|
|
|
|
|
**
Amount represents less than 5% of the Plan’s net assets during the
respective year, presented for comparative purposes.
|
|
During
the year ended July 31, 2008, the Plan’s investments (including gains and
losses on investments bought, sold, and held during the years) depreciated in
value as follows:
|
|
|
2008
|
|
|
Mutual
funds
|
|
$ |
(8,376,941 |
)
|
|
United
Natural Foods, Inc. Company Stock
|
|
|
(1,827,132 |
)
|
|
|
|
$ |
(10,204,073 |
)
|
(4)
|
Related
Party Transactions
|
Certain
Plan investments are shares of registered investment companies and common
collective trusts managed by Fidelity Management Trust Company (“Fidelity”).
Fidelity is the trustee and custodian as defined by the Plan. Transactions
involving these funds qualify as party-in-interest. In addition, at
July 31, 2008 and 2007, the Plan held 320,335 and 247,295 shares of the
Company’s common stock, par value $0.01 per share, in the United Natural Foods,
Inc. Company Stock Fund, respectively.
Although
it has not expressed any intent to do so, the Company has the right to terminate
the Plan at any time subject to the provisions set forth in ERISA and the
Internal Revenue Code. In the event of plan termination, participants will
become 100% vested in their accounts.
The
Plan is a nonstandardized safe harbor prototype plan sponsored by Fidelity
Management and Research Company. Fidelity Management and Research Company
obtained an opinion letter on the Plan dated October 9, 2003 stating that
the form of the Plan is acceptable under Section 401 of the Internal
Revenue Code. Generally, the Plan Administrator and the Plan may rely on the
opinion letter received by Fidelity Management and Research Company as to the
form of the Plan qualifying under the Internal Revenue Code (except as otherwise
noted in the opinion letter). Additionally, the Plan Administrator believes that
the Plan is currently being operated in compliance with the applicable
requirements of the Internal Revenue Code.
(7)
|
Reconciliation
of Financial Statements to Form
5500
|
The
following is a reconciliation of net assets available for benefits per the
financial statements at July 31, 2008 and 2007 to Form 5500:
|
|
2008
|
|
|
2007
|
|
Net
assets available for benefits per financial statements
|
|
$ |
64,874,878 |
|
|
|
67,713,819 |
|
Plus
excess contributions payable current year
|
|
|
141,179
|
|
|
|
137,166 |
|
Adjustment
for benefit payments requested but not yet
|
|
|
|
|
|
|
|
|
paid
at plan year end
|
|
|
(2,028 |
)
|
|
|
— |
|
Adjustment
from contract value to fair value for fully
|
|
|
|
|
|
|
|
|
benefit-responsive
investment contracts
|
|
|
(233,696 |
)
|
|
|
(89,758 |
) |
Net
assets available for benefits per the Form 5500
|
|
$ |
64,780,333 |
|
|
|
67,761,227 |
|
The
following is a reconciliation of employee contributions, total additions, and
total deductions per the financial statements for the year ended July 31, 2008
to Form 5500:
|
|
2008
|
|
Employee
contributions per the financial statements
|
|
|
6,299,158 |
|
Plus
excess contributions payable current year
|
|
|
141,179 |
|
Difference
between prior year actual and accrual for excess
contributions
|
|
|
(17,360 |
) |
Employee
contributions per the Form 5500
|
|
|
6,422,977 |
|
|
|
|
|
|
Total
additions per the financial statements
|
|
|
2,982,688 |
|
Change
in the adjustment from contract value to fair value for
fully
|
|
|
|
|
benefit-responsive
investment contracts
|
|
|
(143,938 |
) |
Items
to reconcile employee contributions per the financial statements
to
|
|
|
|
|
employee
contributions per the Form 5500 (see above)
|
|
|
123,819 |
|
Total
income per the Form 5500
|
|
|
2,962,569 |
|
|
|
|
|
|
Total
deductions per the financial statements
|
|
|
5,821,629 |
|
Adjustment
for benefit payments requested but not yet paid
|
|
|
2,028 |
|
Plus
excess contributions paid during the current year
|
|
|
119,806 |
|
Total
expenses per the Form 5500
|
|
|
5,943,463 |
|
|
(a)
|
On December 31, 2008, all
participant accounts in the Millbrook Distribution Services, Inc.
Retirement Plan were merged into the Plan. Balances of
$22,336,914 were transferred into the
Plan.
|
|
(b)
|
The
Plan was amended effective January 1, 2009, to modify the vesting schedule
to 25% annually, with 100% vesting after four years of
service.
|
|
(c)
|
Subsequent
to the end of the plan year ended July 31, 2008, credit and capital
market disruptions resulted in substantial volatility in the banking
system and financial markets. These and other economic events have had a
significant impact on investment portfolios. As a result, the fair value
of the Plan’s investments has significantly fluctuated since July 31,
2008.
|
|
(d)
|
By
a letter dated November 1, 2007, the US Department of Labor (“DOL”)
initiated a review of the Plan’s operations. The DOL informed the Plan
Sponsor by letter dated April 9, 2009, that it had found the Plan Sponsor
delinquent in remitting participants’ contributions. The Plan
Sponsor vigorously opposed this finding and responded to the DOL by letter
dated April 23, 2009. The DOL has informed the Plan Sponsor, by
letter dated August 17, 2009, that the Sponsor’s proposed corrective
action plan to prospectively reduce the time to remit payroll
contributions to five business days is sufficient and no further action
would be taken.
|
UNITED
NATURAL FOODS, INC. RETIREMENT PLAN
Schedule
H, line 4i – Schedule of Assets (Held at end of Year)
July
31, 2008
Identity
of issuer, borrower,
|
|
|
Number
of
|
|
|
Current
|
|
lessor,
or similar party
|
Description
of investment
|
|
units/shares
|
|
|
value
|
|
|
|
|
|
|
|
|
Cash
(including money market accounts, certificates of deposit, and cash
equivalents):
|
|
|
|
|
|
|
|
Institutional
Money Market Fund – Fund 059
|
|
246,061 |
|
|
$ |
246,061
|
|
Mutual
funds:
|
|
|
|
|
|
|
|
|
Dreyfus
|
Premier
Intermediate Fund
|
|
206,304
|
|
|
|
2,479,771
|
|
*Fidelity
|
Advisor
High Income Advantage Fund
|
|
192,161
|
|
|
|
1,773,642
|
|
Janus
|
Advisor
Flexible Bond Fund
|
|
146,173
|
|
|
|
1,748,232
|
|
*Fidelity
|
Advisor
Asset Manager 70% Fund
|
|
82,869
|
|
|
|
881,728
|
|
Domini
|
Social
Equity Fund
|
|
36,470
|
|
|
|
1,028,078
|
|
Dreyfus
|
S&P
500 Index Fund
|
|
86,084
|
|
|
|
3,099,882
|
|
*Fidelity
|
Advisor
Dividend Growth Fund
|
|
208,719
|
|
|
|
2,210,332
|
|
*Fidelity
|
Advisor
Dynamic Capital Appreciation Fund
|
|
177,370
|
|
|
|
3,045,436
|
|
*Fidelity
|
Advisor
Growth & Income Fund
|
|
203,066
|
|
|
|
3,618,638
|
|
*Fidelity
|
Advisor
Large Cap Fund
|
|
160,456
|
|
|
|
2,594,568
|
|
*Fidelity
|
Advisor
Leveraged Company Stock Fund
|
|
51,174
|
|
|
|
1,866,302
|
|
*Fidelity
|
Advisor
Mid Cap Fund
|
|
246,909
|
|
|
|
4,864,113
|
|
*Fidelity
|
Advisor
Small Cap Fund
|
|
98,793
|
|
|
|
2,271,251
|
|
RS
|
RS
Partners
|
|
22,284
|
|
|
|
652,712
|
|
*Fidelity
|
Advisor
Diversified International Fund
|
|
186,945
|
|
|
|
3,520,177
|
|
*Fidelity
|
Advisor
Overseas Fund
|
|
62,087
|
|
|
|
1,251,045
|
|
*Fidelity
|
Advisor
Freedom 2005 Fund
|
|
335
|
|
|
|
3,673
|
|
*Fidelity
|
Advisor
Freedom 2010 Fund
|
|
120,913
|
|
|
|
1,361,478
|
|
*Fidelity
|
Advisor
Freedom 2015 Fund
|
|
9,147
|
|
|
|
103,275
|
|
*Fidelity
|
Advisor
Freedom 2020 Fund
|
|
295,260
|
|
|
|
3,540,164
|
|
*Fidelity
|
Advisor
Freedom 2025 Fund
|
|
992
|
|
|
|
11,453
|
|
*Fidelity
|
Advisor
Freedom 2030 Fund
|
|
97,972
|
|
|
|
1,214,857
|
|
*Fidelity
|
Advisor
Freedom 2035 Fund
|
|
4,176
|
|
|
|
48,897
|
|
*Fidelity
|
Advisor
Freedom 2040 Fund
|
|
211,887
|
|
|
|
2,671,898
|
|
*Fidelity
|
Advisor
Freedom 2045 Fund
|
|
1,318
|
|
|
|
12,934
|
|
*Fidelity
|
Advisor
Freedom 2050 Fund
|
|
166
|
|
|
|
1,609
|
|
*Fidelity
|
Advisor
Freedom Income Fund
|
|
4,792
|
|
|
|
49,065
|
|
|
Subtotal
Mutual Funds
|
|
|
|
|
|
45,925,210
|
|
Common
Collective Trusts:
|
|
|
|
|
|
|
|
|
*Fidelity
|
Advisor
Stable Value Portfolio
|
|
9,257,706
|
|
|
|
9,024,010
|
|
|
Subtotal
Common Collective Trusts
|
|
|
|
|
|
9,024,010
|
|
Corporate
Stock (including Employer stock)
|
|
|
|
|
|
|
|
*United
Natural Foods, Inc.
|
Common
Stock
|
|
320,335
|
|
|
|
6,156,839
|
|
|
Subtotal
Corporate Stock
|
|
|
|
|
|
6,156,839
|
|
Participant
Loans:
|
|
|
|
|
|
|
|
|
*Participant
loans
|
Interest
rates ranging from 4.0% to 10.5%
|
|
|
|
|
|
|
|
|
and
maturities from August 1, 2008
|
|
|
|
|
|
|
|
|
through
July 17, 2018
|
|
— |
|
|
|
3,162,879
|
|
|
Total
(Held at End of Year)
|
|
|
|
|
$ |
64,514,999 |
|
*Party
in-interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See
accompanying report of independent registered public accounting
firm
|
|
|
|
|
|
|
|
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the trustees (or
other persons who administer the employee benefit plan) have duly caused this
annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
United
Natural Foods, Inc. Retirement Plan
|
|
|
Date: October
29, 2009
|
By:
/s/ Mark E.
Shamber
|
|
Mark E.
Shamber
|
|
Senior
Vice President, Chief Financial Officer and
Treasurer
|
EXHIBIT
INDEX
Exhibit
|
|
Number
|
Description of
Exhibit
|
|
|
23
|
Consent
of Independent Registered Public Accounting
Firm
|